Mr. Aderemi owns a car that was insured under a comprehensive policy. while insuring the car, he did not inform…
Mr. Aderemi owns a car that was insured under a comprehensive policy. while insuring the car, he did not inform…
A. key-man policy B. endowment policy C. term insurance policy D. whole life insurance Correct Answer: Option C C. term…
A. fidelity guarantee insurance B. third party liability insurance C. professional indemnity insurance D. product liability insurance Correct Answer: Option…
A. co-insurance B. joint insurance C. re-insurance D. group insurance Correct Answer: Option A Explanation Co-insurance: is a situation in…
A. all-risk policy B. key-man policy C. fidelity guarantee policy D. money insurance policy Correct Answer: Option C C. fidelity…
A. comprehensive B. Act only C. third party D. third party, fire, and theft Correct Answer: Option A A. comprehensive…
A. assurance B. re-investment C. reinsurance D. insurance Correct Answer: Option C C. reinsurance Explanation Reinsurance: The contract made between an…
A. regulate the activities of its members B. settle disputes among insurance companies C. register all insurance practitioners D. act…
A. exceptional clause B. recital clause C. particular clause D. operative clause Correct Answer: Option B B. recital clause Explanation…